American Century Companies Inc. Sells 308,347 Shares of Wabash National Corporation $WNC

Key Points

• American Century Companies Inc. reduced its stake in Wabash National Corporation by 26.6%, now holding approximately $9.43 million worth of shares.
• Institutional ownership of Wabash National is high, with 97.05% of the stock owned by various hedge funds and institutional investors.
• Analysts have mixed views on Wabash National, with a consensus rating of "Hold" and a recent price target increase from $7.50 to $9.50.

American Century Companies Inc. decreased its position in Wabash National Corporation (NYSE:WNC - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 852,902 shares of the company's stock after selling 308,347 shares during the period. American Century Companies Inc. owned about 2.04% of Wabash National worth $9,425,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in Wabash National by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock worth $477,000 after purchasing an additional 5,112 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Wabash National during the 4th quarter worth about $2,827,000. Marshall Wace LLP purchased a new stake in Wabash National during the 4th quarter worth about $695,000. Tower Research Capital LLC TRC lifted its holdings in Wabash National by 82.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock worth $297,000 after purchasing an additional 7,843 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Wabash National during the 4th quarter worth about $384,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Trading Down 0.5%

Shares of NYSE WNC traded down $0.06 during trading hours on Monday, hitting $11.07. The company's stock had a trading volume of 483,037 shares, compared to its average volume of 631,313. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. The stock has a market cap of $453.33 million, a price-to-earnings ratio of -4.58 and a beta of 1.67. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63. The business has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $10.33.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.16. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The firm had revenue of $458.82 million during the quarter, compared to analyst estimates of $435.75 million. During the same quarter in the prior year, the company earned $0.64 EPS. The business's revenue was down 16.7% compared to the same quarter last year. Wabash National has set its FY 2025 guidance at -1.300--1.000 EPS. Q3 2025 guidance at -0.300--0.200 EPS. On average, analysts anticipate that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National's dividend payout ratio (DPR) is currently -13.22%.

Analyst Ratings Changes

Separately, DA Davidson increased their price objective on Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a report on Monday, June 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.50.

Wabash National Company Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.